Flappening Definition
The Flappening is an event that was anticipated and observed in the cryptocurrency market where Litecoin’s market capitalization overtook Bitcoin Cash. The term “flappening” is a blend of ‘flippening’ and the ‘flapping’ of Litecoin’s mascot, a chicken. The flippening is crypto terminology used when a less valued coin surpasses a higher valued coin in market capitalization. The Flappening is the result of a prolonged period of the relative rise of Litecoin against Bitcoin Cash.
Flappening Key Points
- The term “flappening” comes from ‘flippening’ and the ‘flapping’ of Litecoin’s mascot, a chicken.
- It refers to the event when Litecoin surpassed Bitcoin Cash in terms of market capitalization.
- This event has only happened once in mid-2018.
- It’s an unpredictable and highly speculative event among traders and investors in the crypto market.
What is the Flappening?
The ‘flappening’ is an event that occurs in the land of cryptocurrency. It refers to Litecoin, represented by its mascot a chicken, flapping its wings and flying over Bitcoin Cash to surpass it in terms of market capitalization. This became a significant event among cryptocurrency enthusiasts, marking a shift in market perception between two leading cryptocurrencies.
Who predicted the Flappening?
The flappening was notably predicted by Charlie Lee, the creator of Litecoin, who even started a website to track the progress of this event in real time. Charlie Lee is a renowned figure in the cryptocurrency arena, and the predictions of such event raised eyebrows and generated considerable discussion among crypto communities.
When did the Flappening occur?
The Flappening took place once, and that was in mid-2018. During this period, Bitcoin Cash was experiencing a sharp decline, while Litecoin saw a steady rise, hence, culminating in the flappening event.
Where did the Flappening happen?
The Flappening wasn’t a geographic event but rather a digital phenomenon that occurred within the cryptocurrency markets. The event was tracked across various cryptocurrency exchanges around the world, where trading of these digital currencies occur.
Why is the Flappening significant?
The Flappening is considered significant in the cryptocurrency world as it symbolizes a power shift between Bitcoin Cash and Litecoin. It indicates a change in market sentiment and potential future investment trends. Moreover, it poses as an example of the unpredictable and volatile nature of cryptocurrency markets, showing that even well-established coins can face dramatic changes.
How Does the Flappening Work?
The Flappening works by tracking the market capitalization of Litecoin against Bitcoin Cash. When the market capitalization of Litecoin surpasses that of Bitcoin Cash, the flappening is said to have occurred. It’s a highly speculative event in the crypto markets, shaped by the continuous changing of value and market sentiment towards these digital currencies.
